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David Leary: [00:02:39] So, last week, all this tax change, and deadlines, and all these things kept coming out, and I was like, "Oh, I should get Kelly on again." She writes for Forbes, and she writes for Bloomberg Tax. This hasn't been finalized yet," from the tax situation. I regale them with tax stories.
I've got follow up on Wirecard, the Ernst & Young audit that apparently did not detect $2 billion in money that was missing. David Leary: [00:04:18] I've got some Wirecard, as well. Blake Oliver: [00:04:19] IRS news, appropriate for Tax Day coming up. 2 Was Key to the Firm’s Rapid Rise. . - PPP, of course, is still in the news.
Minute7 syncs with both QuickBooks Online, and QuickBooks Desktop for invoicing or reimbursement. The last time the IRS sent stimulus checks, in 2008 and 2009, it took more than two months to get the money in the mail. I guess it's through payroll tax credits. Mnuchin is saying three weeks. David Leary: [00:20:20] Yeah.
Much like the graduates of 2008, who stepped into a recession-riddled job market, this generation is entering the market with eyes wide open. Managing money, understanding credit, or even filing taxes simply werent part of the curriculum. They know what theyre up against. The difference? At Intuit, were proud to be in their corner.
I joined Intuit in India straight out of college in 2008, and am now a distinguished software engineer leading technology for Intuit Enterprise Suite. An exciting time, enabling QuickBooks for the world In 2015, as part of the global expansion for QuickBooks Online, I was assigned the project of transforming the technology to be global ready.
Accountants and bookkeepers love Relay because they get a partner portal, can manage staff access without compromising security, and enjoy enriched direct bank feeds to QuickBooks Online, and Xero. We learned this in the 2008 stimulus package. On the push out of the tax date, when there was a disagreement, that statement went out.
My biggest takeaway from the conversations was how you can 100 percent use BQE Core as your standalone accounting system or pair it up with either QuickBooks Online, or Xero. Basically, the Donald Trump payroll-tax thing is not gonna make it. Blake Oliver: [00:10:26] Right. So, the White House is kinda. Those are the big ones.
Even though Core is an all-in-one app, it still works nicely with accounting apps, like QuickBooks, and Xero. Probably information from your tax return and your Social Security number. Core is an all-in-one app for project management, including time and expense tracking, budgets, forecasting, client billing, and accounting.
It has an easy-to-use dashboard, integrations with QuickBooks and Xero, and additional automated tools to serve the modern workforce. At some other level, I step back and think about tax policy in this country dictates social policy. Their around-the-clock support team is standing by with dedicated support just for accountants.
Paycheck Protection Program, CARES Act, unemployment insurance, furloughs, layoffs, cash flow, CDC guidance, employee safety, paid leave, tax credits - tracking all of the constantly changing COVID-19-related information for your clients is getting overwhelming. Because I think Intuit stopped releasing subscriber numbers for QuickBooks?
David Leary: [00:13:00] Do you think if it wasn't for PPP and the loan situations - because tax season kinda got delayed - do you think it'd be less? Well, yeah, I think the tax season and PPP together create this really difficult situation. The last stimulus, in 2008, it was twice that. It's dead in the month of July, right?
Connect to your QuickBooks file, and Kabbage will tell you how much you can borrow, and then you can borrow online. We could talk about the payroll tax deferral unless you've got some more fraud stories. They just need to make sure taxes are being paid on it. jobs in August, but subtracted 1.6K It's very streamlined.
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